News

Kenya’s decision to sharply raise excise duty on imported sugar has triggered protests from Ugandan manufacturers, opening a fresh debate over how far the country should go in protecting its local sugar industry. Under the Finance Act, 2026, excise duty […]

Digital lender Tala has begun a fresh round of layoffs as part of a global restructuring aimed at centralising its operations and streamlining functions.The company said seven employees in Kenya have been notified of its intention to declare their positions […]

The Court of Appeal has cleared the way for the government to proceed with its planned sale of a 15% stake in Safaricom to Vodacom after lifting High Court orders that had temporarily frozen the transaction. The ruling allows the […]

Family Bank’s listing by introduction on the Nairobi Securities Exchange immediately delivered what listings are meant to achieve: price discovery. The bank’s 1.66 billion shares were introduced at KES 18.00 each, giving it an opening market value of about KES […]

Kenya has signed a JPY 25 billion Samurai facility agreement with Japan, equivalent to about KSh22.1 billion, marking an important step in the government’s push to diversify its external borrowing sources. The facility will be split across three priority areas. […]

One important change made during Parliament’s voting on the Finance Bill 2026 concerns how taxpayers deal with income tax returns pre-populated by the Kenya Revenue Authority.A pre-populated return means KRA prepares your tax return in advance using information it already […]

The TRIFIC Green USD I-REIT closed its offer at 103.3% subscription, after investors applied for about $30.8 million against a target of $29.8 million. The promoter, Two Rivers Special Economic Zone, also took up $7.46 million worth of units after […]

Kenya has published its Sovereign Sustainability Linked Financing Framework, setting the stage for a planned US$500 million sustainability linked note assisted by the World Bank. A sustainability linked bond is a bond where the government or company raises money, but […]

South Africa’s Absa Group is betting bigger on Kenya. The lender plans to spend up to Sh30.9 billion to raise its stake in Absa Bank Kenya from 68.5% to 85% through a tender offer to minority shareholders at Sh34.50 per […]

Members of Parliament have rejected proposals to lower PAYE rates and exempt workers earning below Sh30,000 a month from income tax, despite calls from accountants, bankers and tax experts. Bodies such as ICPAK and the Kenya Bankers Association (KBA) argued […]